Mundada pointed to expectations of further Federal Reserve interest rate cuts in 2026, geopolitical turmoil, and de-dollarization as central banks diversify reserves away from the U.S. dollar—"We are transitioning into a new, multipolar monetary era," Mundada wrote.

As markets reopened Friday after the Christmas holiday, U.S. stocks were little changed, but precious metals saw plenty of action. Silver prices jumped 9.6% to top $78 per ounce for the first time ever.

Experts expect silver prices to shift further in 2026 as demand and inflation further impact precious metal prices.

Rate cuts by the US Fed are pushing gold and silver prices higher amid rising geopolitical tensions. Silver prices have surged over 150% this year, supported by strong industrial demand and tight supply,

Gold trades near $4,500 and silver holds above $74 as safe-haven flows, weaker dollar trends, and steady technical structures keep bulls in control.

Gold and silver prices are soaring, which could bode well for both types of IRAs, but one may be the better option.

Silver surged 130% YTD amid supply deficits, but with prices near highs, learn strategies to manage risk. Read why I rate SLV ETF a hold for now.